Elaine Partleton and friends from her shop The Flower Lady that Network Rail had wanted to demolish before stopped by protests

The trade website Property Week reported today (19 July) that a joint venture between financial giant Goldman Sachs and the Wellcome Trust medical research charity had pulled out of a bid for Network Rail’s property portfolio because of the “negative attention” generated by Guardians of the Arches.

The joint bid had reached the second round of bidding for Network Rail’s 5,476 arches.

Network Rail is selling its properties because, when government took it back into public ownership, it told the organisation that it must itself fund billions of pounds worth of necessary work on Britain’s railways. When Network Rail was a private company, the plan had been for it to borrow the money.

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